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First completion at Kingston East
Larards Residential Sales and Rosa Homes are celebrating their first completion at Kingston East, an exciting and innovative shared ownership scheme just off Preston Road. Kingston East is at the forefront of a major regeneration in the Preston Road area. The properties on offer ranging from apartments through to 2 and 3 bedroomed houses and 2 bedroom bungalows have attracted interest from a wide range of parties including first time buyers, families and over 55’s. With an entry level of £21,500 (based on a 25% share of an apartment) the properties have attracted very high levels of interest and are sure to be snapped up quickly. The first lucky residents on the development are Mr & Mrs Ledner, who moved the short distance from a 3 bedroomed house in Durham Street. Mrs Ledner explains “due to my husbands ill health, we needed either a ground floor apartment or a bungalow. Having looked on both Chestnut Farm in Sutton and Victoria Dock, there was nothing in our price range. After initially saying that we did not want to consider living on Preston Road, we viewed our bungalow on Kingston East and were bowled over by a number of factors including the excellent new build, the garden and the cul-de-sac location. We have bought a 75% share for £72,000. We would just not be able to afford such a bungalow in any other area, having sold Durham Street for £75,000”. Mr Ledner added, “as we are over 55 we do not have any rent to pay on the 25% is in shared ownership and I am pleased that the proportion that we do own can be a long time investment for our Son’s.
Robin Kellock, a Director of Larards Residential Sales added, “the interest in this scheme has been phenomenal given the fact that first time buyers are being given a once in a lifetime opportunity to purchase a brand new home. The shared ownership scheme is giving local first time buyers the opportunity to invest in the local property market and hopefully see a good return in the future. There is a small rent to pay on the shared proportion of the property, but the costs are far cheaper than buying a new build property at full value in other parts of the City”.
Larards Residential Sales are gearing up for a bumper weekend on the 2nd and 3rd February, when there is an open weekend at the development. For further details of these exciting opportunities, please contact Larards Residential Sales on 01482 787555.
